Coronavirus: business support services

The Coronavirus has turned our world upside down and it’s likely that its economic impact will be felt for a long time to come.

Whilst there’s no escaping the emotional and financial toll that is being wrought, with many livelihoods lost or at risk, there are opportunities for businesses to adapt and change so they are in the best position possible to come out the other side.

Currently, we’re helping clients to take full advantage of the following opportunities:

  1. Business planning - whether you need a sounding board for ideas, or more specific advice on the latest Coronavirus support schemes and tax breaks you’re eligible for, we’re here to help. We can also assist with preparing applications for government schemes to ensure you have the greatest chance of success.
  2. Outsourcing – if you or your accounts team are unable to work due to sickness or being furloughed, we can step in to manage your day-to-day accounting on a short or long-term basis. By using our experienced specialists in bookkeeping, VAT, management accounting and payroll only when you need them, you could also make considerable cost savings on managing these functions in-house. In addition, we can offer strategic support through our Virtual Finance Director service. For more details, click here.
  3. Improving cashflow and cost cutting – we can set up short-term cash flow forecasts to reveal any financial pinch points more accurately, using online tools that link directly into your accounts software, such as Float. At the same time, we can help you to drive down costs by reviewing your overheads and recommend where savings can be made.
  4. Accessing finance – we can assist with applications for additional finance or applying for new Time to Pay arrangements with HMRC. This includes producing up to date accounts, along with other financial analysis required to support your application.
  5. Cloud accounting – with more businesses working remotely, it could be a good time to consider moving from a desktop to Cloud-based system. This will give you access to real-time financial data and increase automation of basic accounting tasks to save you time and money. Our team has an in-depth knowledge of all the major software systems and can evaluate the best options for you, as well as overseeing the migration of your existing systems and ensuring the new system is configured to meet your requirements. For more details, click here.

With outsourcing services available from as little as £150/quarter, the cost of these business support services can be surprisingly low.

For further information, please contact Debbie Boulton on 01225 325580, or email db@richardsonswift.co.uk.